스팀 트랩 시장 보고서 : 제품 유형별, 용도별, 재료 유형별, 유통 채널별, 최종 이용 산업별, 지역별(2025-2033년)

The global steam trap market size reached USD 4.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.4% during 2025-2033. The market is experiencing stable growth driven by the growing environmental awareness, along with rising energy costs, expansion of industrial sectors and the demand for process optimization, and implementation of stringent regulatory standards and guidelines related to safety, emissions, and energy efficiency.

Steam Trap Market Analysis:

Market Growth and Size: The market is witnessing steady growth, driven by the increasing demand for energy-efficient solutions across industries. Additionally, the emphasis on sustainability and environmental concerns is impelling the market growth.

Technological Advancements: Technological innovations are leading to the development of more efficient and reliable steam trap solutions, contributing to the growth of the market.

Industry Applications: Steam traps find applications across various industries, including oil and gas, chemicals, food processing, and power generation, due to their role in efficient steam management.

Geographical Trends: Asia Pacific leads the market, driven by the increasing demand for steam traps across various industries. However, North America is emerging as a fast-growing market, driven by the rising need for energy efficiency and process optimization in industrial facilities.

Competitive Landscape: The market is characterized by intense competition with several key players, each vying for market share through innovation and competitive pricing. These companies are also striving to meet the growing demand for energy-efficient solutions.

Challenges and Opportunities: While the market faces challenges, such as the need for continuous maintenance and the potential for steam trap failure, it also encounters opportunities in maintenance service providers and innovative solutions to address reliability issues.

Future Outlook: The future of the steam trap market looks promising, with industries focusing on energy efficiency. The market is expected to witness further growth driven by technological advancements and increasing awareness of energy conservation.

Steam Trap Market Trends:

Energy efficiency imperative

The increasing environmental awareness, along with rising energy costs, represents one of the key factors supporting the growth of the market. Steam traps play a pivotal role in ensuring that steam systems operate at their highest efficiency levels. By effectively removing condensate and non-condensable gases from steam lines, steam traps prevent energy wastage, reduce fuel consumption, and lower greenhouse gas emissions. This aligns with global sustainability goals and regulatory mandates to reduce carbon footprints. Industries, ranging from manufacturing to healthcare, are increasingly investing in energy-efficient solutions, making steam traps a critical component of their sustainability strategies. This focus on energy conservation not only drives the demand for modern steam trap technologies but also fuels ongoing research and development (R&D) activities to enhance their efficiency.

Industrial expansion and process optimization

The expansion of industrial sectors and the demand for process optimization are propelling the growth of the market. As industries are evolving, there is a growing demand for reliable and efficient steam systems. Steam is a critical component in various industrial processes, including manufacturing, power generation, and chemical production. Industries rely on steam traps to prevent condensate buildup, which can lead to equipment damage and reduced process efficiency. Moreover, as industries are striving to optimize their production processes to reduce costs and improve product quality, the role of steam traps becomes even more essential. They aid in maintaining consistent steam pressure and temperature, contributing to better process control and overall operational efficiency. Consequently, as industries are expanding and seeking process improvements, the demand for steam traps is rising.

Stringent regulatory standards

The implementation of stringent regulatory standards and guidelines related to safety, emissions, and energy efficiency is impelling the market growth. Governments and industry organizations worldwide are increasingly focusing on reducing energy consumption and emissions in industrial processes. Steam traps play a critical role in achieving these objectives by efficiently managing steam systems. Regulatory bodies often require industries to adhere to specific energy efficiency and emissions reduction targets, which necessitate the use of advanced steam traps to prevent steam loss and reduce greenhouse gas emissions associated with inefficient steam systems. Moreover, safety regulations mandate the proper operation of steam equipment to prevent accidents, making steam traps a crucial component for compliance.

Maintenance cost reduction

Steam systems in industries require consistent maintenance to operate efficiently. Inefficient or failed steam traps can lead to equipment damage and increased maintenance requirements. By investing in high-quality steam traps that effectively remove condensate and prevent steam leaks, industries can significantly reduce their maintenance expenses. These modern steam traps are designed for durability and longevity, minimizing the frequency of replacements or repairs. Additionally, the use of advanced technologies like predictive maintenance, which relies on data from smart steam traps, further reduces maintenance costs by allowing for timely interventions and preventing costly breakdowns.

Steam Trap Industry Segmentation:

Breakup by Product Type:

Thermodynamic

Mechanical

Thermostatic

Mechanical accounts for the majority of the market share

Breakup by Application:

Instrument Steam Tracing

Line Steam Tracing

Drip Application

Process Application

Others

Breakup by Material Type:

Steel

Iron

Others

Steel represents the leading market segment

Breakup by Distribution Channel:

Online

Offline

Breakup by End-Use Industry:

Oil and Gas

Power Generation

Pharmaceuticals

Food and Beverages

Pulp and Paper

Chemical

Others

Oil and gas exhibit a clear dominance

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia Pacific leads the market, accounting for the largest steam trap market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share due to the increasing demand for steam traps across various industries. The thriving manufacturing sector, coupled with a focus on energy efficiency and sustainability, is driving the adoption of advanced steam trap technologies in the region. Additionally, the expanding infrastructure and investments in power generation is contributing to the market growth in the region.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Circor International Inc.

Emerson Electric Co.

Flowserve Corporation

Pentair Inc.

Schlumberger Limited

Spirax-Sarco Engineering

Thermax Ltd.

Velan Inc.

Watts Water Technologies Inc.

The Weir Group PLC

Key Questions Answered in This Report

• 1. What will be the global steam trap market outlook during the forecast period 2025-2033?
• 2. What are the global steam trap market drivers?
• 3. What are the major trends in the global steam trap market?
• 4. What is the impact of COVID-19 on the global steam trap market?
• 5. What is the global steam trap market breakup by application?
• 6. What is the global steam trap market breakup by material type?
• 7. What is the global steam trap market breakup by end-use industry?
• 8. What are the major regions in the global steam trap market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Steam Trap Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Product Type

• 6.1 Thermodynamic
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Mechanical
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Thermostatic
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Application

• 7.1 Instrument Steam Tracing
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Line Steam Tracing
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Drip Application
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Process Application
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Material Type

• 8.1 Steel
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Iron
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Others
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast

9 Market Breakup by Distribution Channel

• 9.1 Online
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Offline
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast

10 Market Breakup by End-Use Industry

• 10.1 Oil & Gas
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Power Generation
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Pharmaceuticals
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Food & Beverages
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Pulp & Paper
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast
• 10.6 Chemical
  • 10.6.1 Market Trends
  • 10.6.2 Market Forecast
• 10.7 Others
  • 10.7.1 Market Trends
  • 10.7.2 Market Forecast

11 Market Breakup by Region

• 11.1 North America
  • 11.1.1 United States
    • 11.1.1.1 Market Trends
    • 11.1.1.2 Market Forecast
  • 11.1.2 Canada
    • 11.1.2.1 Market Trends
    • 11.1.2.2 Market Forecast
• 11.2 Asia Pacific
  • 11.2.1 China
    • 11.2.1.1 Market Trends
    • 11.2.1.2 Market Forecast
  • 11.2.2 Japan
    • 11.2.2.1 Market Trends
    • 11.2.2.2 Market Forecast
  • 11.2.3 India
    • 11.2.3.1 Market Trends
    • 11.2.3.2 Market Forecast
  • 11.2.4 South Korea
    • 11.2.4.1 Market Trends
    • 11.2.4.2 Market Forecast
  • 11.2.5 Australia
    • 11.2.5.1 Market Trends
    • 11.2.5.2 Market Forecast
  • 11.2.6 Indonesia
    • 11.2.6.1 Market Trends
    • 11.2.6.2 Market Forecast
  • 11.2.7 Others
    • 11.2.7.1 Market Trends
    • 11.2.7.2 Market Forecast
• 11.3 Europe
  • 11.3.1 Germany
    • 11.3.1.1 Market Trends
    • 11.3.1.2 Market Forecast
  • 11.3.2 France
    • 11.3.2.1 Market Trends
    • 11.3.2.2 Market Forecast
  • 11.3.3 United Kingdom
    • 11.3.3.1 Market Trends
    • 11.3.3.2 Market Forecast
  • 11.3.4 Italy
    • 11.3.4.1 Market Trends
    • 11.3.4.2 Market Forecast
  • 11.3.5 Spain
    • 11.3.5.1 Market Trends
    • 11.3.5.2 Market Forecast
  • 11.3.6 Russia
    • 11.3.6.1 Market Trends
    • 11.3.6.2 Market Forecast
  • 11.3.7 Others
    • 11.3.7.1 Market Trends
    • 11.3.7.2 Market Forecast
• 11.4 Latin America
  • 11.4.1 Brazil
    • 11.4.1.1 Market Trends
    • 11.4.1.2 Market Forecast
  • 11.4.2 Mexico
    • 11.4.2.1 Market Trends
    • 11.4.2.2 Market Forecast
  • 11.4.3 Others
    • 11.4.3.1 Market Trends
    • 11.4.3.2 Market Forecast
• 11.5 Middle East and Africa
  • 11.5.1 Market Trends
  • 11.5.2 Market Breakup by Country
  • 11.5.3 Market Forecast

12 SWOT Analysis

• 12.1 Overview
• 12.2 Strengths
• 12.3 Weaknesses
• 12.4 Opportunities
• 12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis

• 14.1 Overview
• 14.2 Bargaining Power of Buyers
• 14.3 Bargaining Power of Suppliers
• 14.4 Degree of Competition
• 14.5 Threat of New Entrants
• 14.6 Threat of Substitutes

15 Price Indicators

16 Competitive Landscape

• 16.1 Market Structure
• 16.2 Key Players
• 16.3 Profiles of Key Players
  • 16.3.1 Circor International Inc.
    • 16.3.1.1 Company Overview
    • 16.3.1.2 Product Portfolio
    • 16.3.1.3 Financials
    • 16.3.1.4 SWOT Analysis
  • 16.3.2 Emerson Electric Co.
    • 16.3.2.1 Company Overview
    • 16.3.2.2 Product Portfolio
    • 16.3.2.3 Financials
    • 16.3.2.4 SWOT Analysis
  • 16.3.3 Flowserve Corporation
    • 16.3.3.1 Company Overview
    • 16.3.3.2 Product Portfolio
    • 16.3.3.3 Financials
    • 16.3.3.4 SWOT Analysis
  • 16.3.4 Pentair Inc.
    • 16.3.4.1 Company Overview
    • 16.3.4.2 Product Portfolio
  • 16.3.5 Schlumberger Limited
    • 16.3.5.1 Company Overview
    • 16.3.5.2 Product Portfolio
    • 16.3.5.3 Financials
    • 16.3.5.4 SWOT Analysis
  • 16.3.6 Spirax-Sarco Engineering
    • 16.3.6.1 Company Overview
    • 16.3.6.2 Product Portfolio
    • 16.3.6.3 Financials
    • 16.3.6.4 SWOT Analysis
  • 16.3.7 Thermax Ltd.
    • 16.3.7.1 Company Overview
    • 16.3.7.2 Product Portfolio
    • 16.3.7.3 Financials
  • 16.3.8 Velan Inc.
    • 16.3.8.1 Company Overview
    • 16.3.8.2 Product Portfolio
    • 16.3.8.3 Financials
    • 16.3.8.4 SWOT Analysis
  • 16.3.9 Watts Water Technologies Inc.
    • 16.3.9.1 Company Overview
    • 16.3.9.2 Product Portfolio
    • 16.3.9.3 Financials
  • 16.3.10 The Weir Group PLC
    • 16.3.10.1 Company Overview
    • 16.3.10.2 Product Portfolio
    • 16.3.10.3 Financials